Cryptocurrencies have been the best-performing assets recently.
Shiba Memu has now raised over $4.4 million from global investors.
Other top-performing tokens were Celestia and Terra Luna.
Cryptocurrency prices thrived this week as investors cheered the hints from the Federal Reserve and the stocks surge. They also surged after Blackrock filed for an Ethereum ETF. Bitcoin surged to over $37,000 while Ethereum moved to over $2,000. This surge pushed the total market cap of all cryptocurrencies to over $1.4 trillion.
Another important feature of the financial market was the meme coin comeback. Bonk, the Solana meme coin, surged to the highest point since January as demand rose. Other meme coins like Catecoin, Shiba Inu, and Floki Inu also jumped. This article looks at some of the top cryptocurrencies to watch, including Shiba Memu, Celestia, and Terra Classic.
Shib Memu forecast
The comeback of meme coins like Bonk and Floki has led many investors to consider allocating some of their cash to upcoming tokens. The theory is that investing in these coins is usually less risky because of their cheap prices.
One meme coin that is doing well is known as Shiba Memu, which is currently in a presale. The token has already raised over $4.4 million in the past few months, making it one of the best-performing players in the industry.
Shiba Memu, unlike other meme coins, has a go-to strategy that will help it do well when it gets listed soon. For one, unlike meme coins like MEME and Bonk which have no utility, it aims to develop a full ecosystem. For example, the developers aim to infuse artificial intelligence (AI) in the network.
AI is the fastest-growing industry this year. For example, a company like OpenAI, the creator of ChatGPT, has become a multi-billion dollar entity that makes millions of dollars every day. It is being used by more than 100 million people globally.
OpenAI is not the only one. Anthropic has raised over $4.4 billion from investors while Elon Musk has launched Grok. Other smaller companies are working to develop their AI suites.
According to Shiba Memu’s whitepaper, the developers will use the technology to boost its self-marketing. Therefore, because of its growing popularity, there is a likelihood that the token will jump when it gets listed. You can buy the Shiba Memu token here.
Terra LUNA price prediction
Terra (LUNA) is the remnant of Terra, which was once a top-ten cryptocurrency. LUNA was one of the top-performing cryptocurrencies this week as its price surged to a high of $0.000096, the highest point since June 13th. At its highest point this week, the token was up by more than 76% from the lowest level. This price was also slightly above the 23.6% Fibonacci Retracement level.
On the daily chart, LUNA price has moved above the 25-day and 15-day Exponential Moving Averages. It is also a few points above the key support at $0.000076, the lowest point in July this year.
The chart also shows that LUNA’s volume has been rising steadily recently. Therefore, the outlook for the token is quite bullish for now, with the next level to watch being at $0.00015, the 38.2% retracement level. This view will be confirmed if it moves above this week’s high of $0.00096.
Celestia TIA price forecast
Celestia is a relatively new cryptocurrency. The developers have built what they say is the first modular blockchain network. This means that it securely scales with the number of users, which makes it easy for people to build and launch their networks. A few developers have already joined the ecosystem, including Astria, Blockless, Berachain, and
Celestia token has been one of the top-performing cryptocurrencies recently. It jumped to a high of $3.90 this week. At its peak, it was over 75% from its lowest level this year. It has now pulled back as investors start taking profits. I suspect that the token is now forming a double-top pattern, meaning that it could retest the all-time high of $3.90. If this happens, it will need to rise by 20%.